Question: The Basic Purpose of an Accounting System is to: Question 7 options: Provide as much useless information to decision makers as possible, regardless of cost

The Basic Purpose of an Accounting System is to:

Question

7

options:

Provide as much useless information to decision makers as possible, regardless of cost

.

Ensure that management, the board of directors and other users of financial statements get sufficient information necessary to enable them to make informed decisions for the business.

Record changes in the financial position of an organization by applying the concepts of wizard accounting.

Conform to the regulatory rules for compliance purposes

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